Important Reminder: Builders, Don’t Leave Your Money on the Table
NCHBA Builder Members:
If you are holding in inventory for sale a single-family or duplex house or land which you have improved for residential or commercial purposes, you are eligible to have the value of these improvements exempted from local property taxes. This exclusion, which can last up to three years if the house or land continues to be held for sale, also applies to single-family and duplex houses under construction or land currently being developed.
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